On December 2, 2020, Netmore and Talkpool signed a letter of intent stating that Netmore will acquire Talkpool's IoT network based on LoRaWAN technology. The agreement strengthens Netmore's business and customer offering as both network coverage and reach will increase due to consolidation of the two networks. The service will improve in areas such as Stockholm, Gothenburg, Malmö, Uppsala, Linköping, Lund, Eskilstuna and Södertälje.

"The agreement is an important step in our journey towards a nationwide IoT network and strengthens both our customer offering and our reach. By taking responsibility for the coverage issue, we extend a hand to Swedish companies that develop IoT solutions and welcome them to use our network as our partners. We have identified the potential in large-scale IoT and know that there are a large number of companies in the Swedish and European markets whose solutions require the simplicity and scalability we offer", says Ove Anebygd, CEO of Netmore.

"At Talkpool, we see a strong demand for our IoT-based solutions for IMD, environmental certification and energy efficiency. The transfer of the network means that we free up internal capacity and can focus on increasing the roll-out pace of our existing services and sensors. It also enables a faster and wider roll-out of new solutions related to moisture, water damage and radon where there is a need for a national network with good coverage. The deal is a win-win for both Netmore and Talkpool, and we see great potential in continued collaboration", comments Stefan Lindgren, CEO Talkpool AB